Is Benzonia Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Benzonia Township has remained a Seller's Market.
Key Takeaway
Benzonia Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benzonia Township, MI
How much do homes in Benzonia Township, MI cost?
Median Sold Price
$390,000
$214/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Benzonia Township have sold for 39.1% less than they did a month ago.
Summary: The median home sold price in Benzonia Township was $390,000 in May 2024, down 39.1% from last month, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $640K | $405K | -36.7% |
| 3 Bedrooms | $737.5K | $429.3K | -41.8% |
| 4 Bedrooms | $1.0M | $381K | -61.9% |
| 5+ Bedrooms | $419.9K | - | N/A |
Summary: Benzonia Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36.7%, 3 bedroom homes decreased by 41.8%, 4 bedroom homes decreased by 61.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Benzonia | $419.9K | $385K | -8.3% |
| Benzonia Township | $640K | $390K | -39.1% |
Housing Supply in Benzonia Township, MI
How many homes are available in Benzonia Township, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Summary: The Benzonia Township real estate market had 21 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Benzonia Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benzonia Township, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 7 homes were sold or pending in Benzonia Township in May 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Benzonia Township, MI
How long does it take to sell a home in Benzonia Township, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 Days | 43 Days | -23.8% |
Summary: Homes in Benzonia Township had an average of 43 days on market in May 2024, down by 23.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Benzonia Township has remained consistent over time.
Summary: During May 2024, 7 homes were sold in Benzonia Township; 29% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.